Harley-Davidson, Inc. (NYSE:HOG) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. lessened its position in Harley-Davidson, Inc. (NYSE:HOG) by 43.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 9,115 shares of the company’s stock after selling 7,029 shares during the period. Vontobel Holding Ltd.’s holdings in Harley-Davidson were worth $351,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in HOG. Future Financial Wealth Managment LLC acquired a new stake in shares of Harley-Davidson in the first quarter valued at about $39,000. Signaturefd LLC lifted its stake in shares of Harley-Davidson by 46.8% in the second quarter. Signaturefd LLC now owns 1,872 shares of the company’s stock valued at $63,000 after purchasing an additional 597 shares during the period. Fifth Third Bancorp lifted its stake in shares of Harley-Davidson by 19.5% in the second quarter. Fifth Third Bancorp now owns 1,970 shares of the company’s stock valued at $66,000 after purchasing an additional 322 shares during the period. GAMMA Investing LLC lifted its stake in shares of Harley-Davidson by 19.0% in the second quarter. GAMMA Investing LLC now owns 2,008 shares of the company’s stock valued at $67,000 after purchasing an additional 320 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its stake in shares of Harley-Davidson by 191.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 3,999 shares of the company’s stock valued at $133,000 after purchasing an additional 2,626 shares during the period. Institutional investors and hedge funds own 85.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on HOG. Baird R W cut shares of Harley-Davidson from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Robert W. Baird cut shares of Harley-Davidson from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $44.00 to $40.00 in a research report on Wednesday, October 2nd. UBS Group lifted their target price on shares of Harley-Davidson from $39.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, August 23rd. Citigroup lifted their target price on shares of Harley-Davidson from $37.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, September 19th. Finally, Bank of America cut their target price on shares of Harley-Davidson from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday, October 15th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $44.00.

Harley-Davidson Stock Performance

Shares of NYSE HOG opened at $34.53 on Wednesday. Harley-Davidson, Inc. has a 12 month low of $25.43 and a 12 month high of $44.16. The company has a 50-day simple moving average of $36.80 and a 200-day simple moving average of $35.96. The company has a market cap of $4.64 billion, a PE ratio of 7.67, a price-to-earnings-growth ratio of 1.28 and a beta of 1.44. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.50 and a quick ratio of 1.32.

Harley-Davidson (NYSE:HOG) last released its earnings results on Thursday, July 25th. The company reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $0.23. Harley-Davidson had a net margin of 11.92% and a return on equity of 20.33%. The firm had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the firm earned $1.22 earnings per share. Harley-Davidson’s revenue was up 12.0% compared to the same quarter last year. On average, equities analysts anticipate that Harley-Davidson, Inc. will post 4.19 earnings per share for the current year.

Harley-Davidson announced that its board has initiated a share repurchase plan on Thursday, July 25th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to repurchase up to 19.4% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Harley-Davidson Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 16th were issued a $0.1725 dividend. The ex-dividend date was Monday, September 16th. This represents a $0.69 dividend on an annualized basis and a yield of 2.00%. Harley-Davidson’s payout ratio is 15.33%.

Harley-Davidson Company Profile

Harley-Davidson, Inc manufactures and sells motorcycles in the United States and internationally. The company operates in three segments: Harley-Davidson Motor Company, LiveWire, and Harley-Davidson Financial Services. The Harley-Davidson Motor Company segment designs, manufactures, and sells motorcycles, including cruiser, trike, touring, standard, sportbike, adventure, and dual sport, as well as motorcycle parts, accessories, and apparel, as well as licenses its trademarks and related services.